50,955 Shares in Unilever PLC (NYSE:UL) Purchased by World Investment Advisors LLC

World Investment Advisors LLC acquired a new stake in Unilever PLC (NYSE:UL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 50,955 shares of the company's stock, valued at approximately $3,310,000.

A number of other institutional investors have also recently made changes to their positions in UL. Wealth Enhancement Advisory Services LLC increased its stake in shares of Unilever by 16.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 110,528 shares of the company's stock worth $7,180,000 after buying an additional 15,941 shares during the period. Verition Fund Management LLC acquired a new position in Unilever during the 3rd quarter worth approximately $11,694,000. Bank of Montreal Can increased its position in shares of Unilever by 249.5% in the 2nd quarter. Bank of Montreal Can now owns 1,748,329 shares of the company's stock valued at $98,204,000 after purchasing an additional 1,248,136 shares during the last quarter. WCM Investment Management LLC raised its holdings in shares of Unilever by 236.2% in the 3rd quarter. WCM Investment Management LLC now owns 30,520 shares of the company's stock valued at $1,997,000 after purchasing an additional 21,441 shares in the last quarter. Finally, Radnor Capital Management LLC acquired a new position in shares of Unilever during the third quarter worth $1,388,000. Institutional investors and hedge funds own 9.67% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on UL shares. StockNews.com cut Unilever from a "buy" rating to a "hold" rating in a research note on Tuesday, November 12th. Bank of America raised Unilever from an "underperform" rating to a "buy" rating and raised their target price for the stock from $47.00 to $72.00 in a research report on Thursday, August 22nd. Finally, Erste Group Bank reaffirmed a "hold" rating on shares of Unilever in a report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $61.75.

Unilever Stock Up 0.3 %

Shares of UL traded up $0.16 during midday trading on Friday, reaching $58.87. 1,291,256 shares of the stock were exchanged, compared to its average volume of 2,564,851. Unilever PLC has a twelve month low of $46.46 and a twelve month high of $65.87. The business's 50-day moving average price is $60.26 and its 200 day moving average price is $60.10.

Unilever Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 8th were given a dividend of $0.4755 per share. This is a positive change from Unilever's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.90 annualized dividend and a yield of 3.23%.

Unilever Profile

Unilever PLC operates as a fast-moving consumer goods company in the Asia Pacific, Africa, the Americas, and Europe. It operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment engages in the sale of hair care products, such as shampoo, conditioner, and styling; skin care products including face, hand, and body moisturizer; and prestige beauty and health & wellbeing products consist of the vitamins, minerals, and supplements.